<SEC-DOCUMENT>0001171843-17-003173.txt : 20170518
<SEC-HEADER>0001171843-17-003173.hdr.sgml : 20170518
<ACCEPTANCE-DATETIME>20170518161146
ACCESSION NUMBER:		0001171843-17-003173
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170518
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170518
DATE AS OF CHANGE:		20170518

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
		CENTRAL INDEX KEY:			0001132105
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940]
		IRS NUMBER:				391795614
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36401
		FILM NUMBER:		17855041

	BUSINESS ADDRESS:	
		STREET 1:		7035 HIGH TECH DRIVE
		CITY:			MIDVALE
		STATE:			UT
		ZIP:			84047-3706
		BUSINESS PHONE:		801-556-6681

	MAIL ADDRESS:	
		STREET 1:		7035 HIGH TECH DRIVE
		CITY:			MIDVALE
		STATE:			UT
		ZIP:			84047-3706

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SPORTSMAN'S WAREHOUSE HOLDINGS, INC
		DATE OF NAME CHANGE:	20131211

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SPORTSMANS WAREHOUSE HOLDINGS INC
		DATE OF NAME CHANGE:	20010109
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k_051817.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"><html><head></head><body><table style="font-size: 10pt;" width="100%" cellspacing="0" cellpadding="0"><tr><td style="border-bottom: black 5pt double;" width="100%"><font style="font-size: 10pt;">&#160;</font></td></tr></table><p align="center"><font style="font-size: 12pt;"><strong>UNITED STATES</strong><br><strong>SECURITIES AND EXCHANGE COMMISSION</strong><br><strong>Washington, D.C. 20549</strong></font></p><p align="center"><font style="font-size: 12pt;"><strong>Form 8-K</strong></font></p><p align="center"><font style="font-size: 10pt;"><strong>CURRENT REPORT</strong><br><strong>Pursuant to Section 13 or 15(d) of</strong><br><strong>The Securities Exchange Act of 1934</strong></font></p><p align="center"><font style="font-size: 10pt;">Date of Report (Date of earliest event reported):&#160;<!--May 18, 2017--><strong>May 18, 2017 </strong></font></p><table border="0" width="100%" cellspacing="0" cellpadding="0"><tr valign="top"><td align="center" width="33%"><font style="font-size: 10pt;">&#160;</font></td><td style="border-bottom: black 1.1pt solid;" align="center" width="34%"><font style="font-size: 12pt;"><strong>SPORTSMAN'S WAREHOUSE HOLDINGS, INC.</strong></font></td><td align="center" width="33%"><font style="font-size: 10pt;">&#160;</font></td></tr><tr valign="top"><td align="center" width="33%"><font style="font-size: 10pt;">&#160;</font></td><td align="center" width="34%"><font style="font-size: 10pt;">(Exact Name of Registrant as Specified in Its Charter)</font></td><td align="center" width="33%"><font style="font-size: 10pt;">&#160;</font></td></tr><tr valign="top"><td align="center" width="33%"><font style="font-size: 10pt;">&#160;</font></td><td align="center" width="34%"><font style="font-size: 10pt;">&#160;</font></td><td align="center" width="33%"><font style="font-size: 10pt;">&#160;</font></td></tr><tr valign="top"><td align="center" width="33%"><font style="font-size: 10pt;">&#160;</font></td><td style="border-bottom: black 1.1pt solid;" align="center" width="34%"><font style="font-size: 10pt;"><strong>DELAWARE</strong></font></td><td align="center" width="33%"><font style="font-size: 10pt;">&#160;</font></td></tr><tr valign="top"><td align="center" width="33%"><font style="font-size: 10pt;">&#160;</font></td><td align="center" width="34%"><font style="font-size: 10pt;">(State or Other Jurisdiction of Incorporation)</font></td><td align="center" width="33%"><font style="font-size: 10pt;">&#160;</font></td></tr></table><p><font style="font-size: 10pt;">&#160;</font></p><table border="0" width="100%" cellspacing="0" cellpadding="0"><tr valign="top"><td style="border-bottom: black 1.1pt solid;" align="center" width="40%"><font style="font-size: 10pt;"><strong>001-36401</strong></font></td><td align="center" valign="bottom" width="20%"><font style="font-size: 10pt;">&#160;</font></td><td style="border-bottom: black 1.1pt solid;" align="center" valign="bottom" width="40%"><font style="font-size: 10pt;"><strong>39-1975614</strong></font></td></tr><tr valign="top"><td align="center" width="40%"><font style="font-size: 10pt;">(Commission File Number)</font></td><td align="center" valign="bottom" width="20%"><font style="font-size: 10pt;">&#160;</font></td><td align="center" valign="bottom" width="40%"><font style="font-size: 10pt;">(I.R.S. 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&#160;</font></td><td nowrap="nowrap"><font style="font-size: 10pt;">[ &#160;] &#160;</font></td><td><font style="font-size: 10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></td></tr><tr valign="top"><td nowrap="nowrap"><font style="font-size: 10pt;">&#160; &#160;</font></td><td nowrap="nowrap"><font style="font-size: 10pt;">[ &#160;] &#160;</font></td><td><font style="font-size: 10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></td></tr><tr valign="top"><td nowrap="nowrap"><font style="font-size: 10pt;">&#160; &#160;</font></td><td nowrap="nowrap"><font style="font-size: 10pt;">[ &#160;] &#160;</font></td><td><font style="font-size: 10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></td></tr><tr valign="top"><td nowrap="nowrap"><font style="font-size: 10pt;">&#160; &#160;</font></td><td nowrap="nowrap"><font style="font-size: 10pt;">[ &#160;] &#160;</font></td><td><font style="font-size: 10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></td></tr></table><p style="font-size: 10pt; margin: 0pt;">&#160;</p><p style="font-size: 10pt; margin: 0pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &sect;230.405) or Rule&#160;12b-2&#160;of the Securities Exchange Act of 1934 (17 CFR&#160;&sect;240.12b-2).&#160;Emerging growth company [ X ]</p><p style="font-size: 10pt; margin: 0pt;">&#160;</p><p style="font-size: 10pt; margin: 0pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ X ]</p><table style="font-size: 10pt;" width="100%" cellspacing="0" cellpadding="0" bgcolor="white"><tr><td style="border-bottom: black 5pt double;" width="100%"><font style="font-size: 10pt;">&#160;</font></td></tr></table><hr style="page-break-after: always;" noshade="noshade"><p><font style="font-size: 10pt;">  <strong>  </strong></font></p><p><font style="font-size: 10pt;"><strong>Item 2.02. Results of Operations and Financial Condition.</strong></font></p><p><font style="font-size: 10pt;">
 <p><font style="font-size:10pt;">&#160; &#160; &#160; &#160; &#160; &#160; On May 18, 2017, Sportsman&#8217;s Warehouse Holdings, Inc. (the &#8220;Company&#8221;) issued a press release reporting its results of operations for the fiscal quarter ended April 29, 2017.&#160; The press release is furnished herewith as Exhibit 99.1 and is specifically incorporated by reference herein.</font></p>  <p><font style="font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The information in this Form 8-K and the related information in the exhibit attached hereto shall not be deemed &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), or otherwise subject to the liabilities of that section and shall not be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in any such filing.</font></p> </font></p><p><font style="font-size: 10pt;"><strong>  </strong></font></p><p><font style="font-size: 10pt;"><strong>Item 9.01. Financial Statements and Exhibits.</strong></font></p><p><font style="font-size: 10pt;">
 <p><font style="font-size:10pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exhibits.</font></p>  <p><font style="font-size:10pt;">99.1&#160;&#160;&#160;&#160; Press release of Sportsman&#8217;s Warehouse Holdings, Inc., dated May 18, 2017.</font></p> </font></p><p><font style="font-size: 10pt;"></font></p><p><font style="font-size: 10pt;"></font></p><hr style="page-break-after: always;" noshade="noshade"><p style="text-align: center;"><font style="font-size: 10pt;"><strong><u>SIGNATURE</u></strong></font></p><p><font style="font-size: 10pt;">&#160;&#160;&#160;&#160;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p><table width="100%" cellspacing="0" cellpadding="0" bgcolor="white"><tr><td width="10%"><font style="font-size: 10pt;">&#160;</font></td><td width="40%"><font style="font-size: 10pt;">&#160;</font></td><td width="5%"><font style="font-size: 10pt;">&#160;</font></td><td width="45%"><font style="font-size: 10pt;"><strong>SPORTSMAN'S WAREHOUSE HOLDINGS, INC.</strong></font></td></tr><tr><td width="10%"><font style="font-size: 10pt;">&#160;</font></td><td width="40%"><font style="font-size: 10pt;">&#160;</font></td><td width="5%"><font style="font-size: 10pt;">&#160;</font></td><td width="45%"><font style="font-size: 10pt;">&#160;</font></td></tr><tr><td width="10%"><font style="font-size: 10pt;">&#160;</font></td><td width="40%"><font style="font-size: 10pt;">&#160;</font></td><td width="5%"><font style="font-size: 10pt;">&#160;</font></td><td width="45%"><font style="font-size: 10pt;">&#160;</font></td></tr><tr><td width="10%"><font style="font-size: 10pt;">&#160;</font></td><td width="40%"><font style="font-size: 10pt;">&#160;</font></td><td width="5%"><font style="font-size: 10pt;">By:</font></td><td style="border-bottom: black 1.1pt solid;" width="45%"><font style="font-size: 10pt;">/s/ Kevan P. Talbot</font></td></tr><tr><td width="10%"><font style="font-size: 10pt;">&#160;</font></td><td width="40%"><font style="font-size: 10pt;">Date: May 18, 2017</font></td><td width="5%"><font style="font-size: 10pt;">&#160;</font></td><td width="45%"><font style="font-size: 10pt;">Kevan P. Talbot</font></td></tr><tr><td width="10%"><font style="font-size: 10pt;">&#160;</font></td><td width="40%"><font style="font-size: 10pt;">&#160;</font></td><td width="5%"><font style="font-size: 10pt;">&#160;</font></td><td width="45%"><font style="font-size: 10pt;">Chief Financial Officer and Secretary</font></td></tr><tr><td width="10%"><font style="font-size: 10pt;">&#160;</font></td><td width="40%"><font style="font-size: 10pt;">&#160;</font></td><td width="5%"><font style="font-size: 10pt;">&#160;</font></td><td width="45%"><font style="font-size: 10pt;">&#160;&#160;</font></td></tr></table><p><font style="font-size: 10pt;"></font></p></body></html>
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<DOCUMENT>
<TYPE>EX-99.1
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<FILENAME>exh_991.htm
<DESCRIPTION>PRESS RELEASE
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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"><html lang="en-US"><head><title>EdgarFiling</title><meta content="text/html; charset=windows-1252"><meta name="GENERATOR" content="MSHTML 8.00.7601.18094"></head><body bgcolor="#ffffff"><p style="text-align: right;"><strong>EXHIBIT 99.1</strong></p><p style="text-align: center;"><strong>Sportsman's Warehouse Holdings, Inc. Announces First Quarter 2017 Financial Results</strong></p><p style="text-align: center;">Announces Amendment to the Debt Covenants of Term Loan</p><p> <p align="justify">MIDVALE, Utah, May  18, 2017  (GLOBE NEWSWIRE) -- Sportsman's Warehouse Holdings, Inc. ("Sportsman's" or the &#8220;Company&#8221;) (Nasdaq:SPWH) today announced financial results for the thirteen weeks ended April 29, 2017.<br></p>  <p align="justify"><strong>For the thirteen weeks ended April 29, 2017:</strong></p>  <ul type="disc"><li>Net sales increased by 3.5% to $156.9 million from $151.6 million in the first quarter of fiscal year 2016. Same store sales decreased by 6.9% over the same period.&#160; <br>&#160;</li><li>Income (loss) from operations was ($3.8) million compared to $2.4 million in the first quarter of fiscal year 2016. Adjusted income (loss) from operations, which excludes professional and other fees incurred in connection with the evaluation of a strategic acquisition was ($2.0) million, compared to adjusted income from operations of $2.5 million in the first quarter of fiscal year 2016, which excludes secondary offering expenses (see &#8220;GAAP and Non-GAAP Measures).<br>&#160;</li><li>The Company opened four new stores in the first quarter of fiscal year 2017 and ended the quarter with 79 stores in 22 states, or square footage growth of 10.7% from the end of the first quarter of fiscal year 2016.<br>&#160;</li><li>Interest expense decreased to $3.2 million from $3.6 million in the first quarter of fiscal year 2016.&#160; <br>&#160;</li><li>Net income (loss) was ($4.5) million compared to $0.3 million in the first quarter of fiscal year 2016. Adjusted net loss, which excludes professional and other fees incurred in connection with the evaluation of a strategic acquisition, was ($3.4) million, compared to an adjusted loss which excludes secondary offering expenses as well as prior-year tax credits (see &#8220;GAAP and Non-GAAP Measures&#8221;) of&#160;($0.1) million for the first quarter of fiscal year 2016.<br>&#160;</li><li>Diluted earnings (loss) per share were $(0.11) compared to $0.01 in the first quarter of fiscal year 2016. Adjusted earnings (loss) per share were $(0.08) compared to $(0.00) in the first quarter of fiscal year 2016. (See &#8220;GAAP and Non-GAAP Measures&#8221;)<br>&#160;</li><li>Adjusted EBITDA decreased to $4.2 million from $7.4 million in the first quarter of fiscal year 2016 (see "GAAP and Non-GAAP Measures").</li></ul>  <p align="justify">John Schaefer, Chief Executive Officer, stated, "As expected, we saw continued softness in firearm demand during the first quarter as we anniversaried difficult compares post the San Bernardino shooting and executive orders that were issued at the beginning of 2016.&#160; The industry remained highly promotional and we increased our promotional activity in order to maintain our share position, resulting in slightly better than planned sales, and in-line adjusted earnings performance for the first quarter. We are pleased with the progress we continued to make on our key strategic initiatives of maximizing the potential of our loyalty program, growing our private label segment, enhancing our e-commerce platform, and investing in our store teams.&#8221;</p>  <p align="justify">Mr. Schaefer continued, &#8220;We are maintaining a conservative approach for the second quarter until we anniversary the unfortunate events that took place in Orlando in June 2016 that caused increased demand in our firearm and ammunition categories. We continue to expect year over year trends in the second half of 2017 to show improvement relative to year on year performance trends in the first half of the year, and are reiterating our full year guidance. Despite the recent slowdown in firearm demand across the industry, we believe we are the best positioned retailer in our niche to capture market share given our extensive offering of brand name products, everyday low pricing strategy and knowledgeable customer service, combined with our convenience as a neighborhood store in larger markets or big box appeal in smaller markets, and our growth plans of opening 12 stores in fiscal year 2017.&#8221;</p>  <p align="justify">Mr. Schaefer concluded, &#8220;We are pleased to announce today that we have entered into an amendment to our term loan agreement with our lender which provides us with increased covenant flexibility. In addition, as we look ahead to fiscal year 2018, we are moderating our planned store growth and currently expect to open 5 to 9 stores. While we remain confident in the 300 store potential that we believe exists for Sportsman&#8217;s Warehouse, given current industry conditions and continued market consolidation, we believe this moderation is prudent. It will also allow us to allocate more free cash flow to debt paydown next year.&#8221;</p>  <p align="justify"><strong>Balance sheet highlights as of April 29, 2017:</strong></p>  <ul type="disc"><li>Total debt: $212.5 million consisting of $78.1 million outstanding under the Company&#8217;s revolving credit facility and $134.4 million outstanding under the term loan, net of unamortized discount and debt issuance costs.&#160;&#160;&#160;</li><li>Total liquidity (cash plus $33.0 million of availability on revolving credit facility): $35.2 million</li></ul>  <p align="justify"><strong>Subsequent to April 29, 2017</strong></p>  <p align="justify">On May 18, 2017, the Company agreed with its lender to amend certain financial covenants of its term loan, providing additional flexibility for the Company. With this amendment, the Company increased the maximum leverage ratio in each of the remaining quarters by amounts ranging from 0.2x to 1.3x with an average quarterly increase of 0.75x.&#160; The largest increase of the covenant level is in fiscal year 2018 which includes increases of 1.1x to 1.3x. As a result of the amendment, the interest rate on the company's revolver will increase 25 basis points to LIBOR plus 6.25% with a 1.25% LIBOR floor, up from LIBOR plus 6.0% with a 1.25% LIBOR floor previously.</p>  <p align="justify">For additional details regarding the amendment, please see exhibit 10.1 included in the Company&#8217;s 10-Q filing that will be filed with the SEC in the next few days.</p>  <p align="justify"><strong>Second Quarter and Fiscal Year 2017 Outlook:</strong></p>  <p align="justify">For the second quarter of fiscal year 2017, net sales are expected to be in the range of $189.0 million to $194.0 million based on a same store sales decline in the range of 8.0% to 10.0% compared to the corresponding period of fiscal year 2016. Net income is expected to be in the range of $5.1 million to $6.0 million with diluted earnings per share of $0.12 to $0.14 on a weighted average of approximately 42.8 million estimated common shares outstanding.</p>  <p align="justify">For fiscal year 2017, the Company is reiterating its previously provided annual guidance. Net sales are expected to be in the range of $825.0 million to $845.0 million based on a same store sales decline in the range of 4.0% to 6.0% compared to fiscal year 2016. Adjusted net income is expected to be in the range of $25.5 million to $29.0 million with adjusted earnings per diluted share of $0.60 to $0.68 on a weighted average of approximately 42.8 million estimated common shares outstanding, when adjusted for the professional fees and other fees incurred in connection with the evaluation of a strategic acquisition in the first quarter of fiscal year 2017.</p>  <p align="justify">The Company's fiscal year 2017 will include 53 weeks, while fiscal year 2016 included 52 weeks. The estimated fiscal year 2017 impact of the additional week is roughly $10.0 to $12.0 million in revenue and approximately $0.01 on earnings per share. There is no impact on expected same store sales as those are presented on a 52 week comparative basis.</p>  <p align="justify"><strong>Conference Call Information:</strong></p>  <p align="justify">A conference call to discuss first quarter 2017 financial results is scheduled for today, May 18, 2017, at 4:30 PM Eastern Time. The conference call will be webcast and may be accessed via the Investor Relations section of the Company&#8217;s website at www.sportsmanswarehouse.com.&#160;</p>  <p align="justify"><strong>Non-GAAP Information</strong></p>  <p align="justify">This press release includes the following financial measures defined as non-GAAP financial measures by the Securities and Exchange Commission (the &#8220;SEC&#8221;): adjusted income from operations, adjusted net income, adjusted diluted earnings per share and adjusted EBITDA. The Company has reconciled these non-GAAP financial measures with the most directly comparable GAAP financial measures under &#8220;GAAP and Non-GAAP Measures&#8221; in this release. The Company believes that these non-GAAP financial measures not only provide its management with comparable financial data for internal financial analysis but also provide meaningful supplemental information to investors. Specifically, these non-GAAP financial measures allow investors to better understand the performance of the Company&#8217;s business and facilitate a more meaningful comparison of its diluted income per share and actual results on a period-over-period basis. The Company has provided this information as a means to evaluate the results of its ongoing operations. Other companies in the Company&#8217;s industry may calculate these items differently than it does. Each of these measures is not a measure of performance under GAAP and should not be considered as a substitute for the most directly comparable financial measures prepared in accordance with GAAP. Non-GAAP financial measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the Company&#8217;s results as reported under GAAP.</p>  <p align="justify"><strong>Forward-Looking Statements&#160; </strong></p>  <p align="justify">This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.&#160; Forward-looking statements in this release include, but are not limited to, our outlook for the fourth quarter and full fiscal year 2017.&#160; Investors can identify these statements by the fact that they use words such as "continue", "expect", "may", &#8220;opportunity&#8221;, "plan", "future", &#8220;ahead&#8221; and similar terms and phrases. The Company cannot assure investors that future developments affecting the Company will be those that it has anticipated. Actual results may differ materially from these expectations due to risks relating to the Company&#8217;s retail-based business model, general economic conditions and consumer spending, the Company&#8217;s concentration of stores in the Western United States, competition in the outdoor activities and sporting goods market, changes in consumer demands, the Company&#8217;s expansion into new markets and planned growth, current and future government regulations, risks related to the Company&#8217;s continued retention of its key management, the Company&#8217;s distribution center, quality or safety concerns about the Company&#8217;s merchandise, events that may affect the Company&#8217;s vendors, trade restrictions, and other factors that are set forth in the Company's filings with the SEC, including under the caption &#8220;Risk Factors&#8221; in the Company&#8217;s Form 10-K for the fiscal year ended January 28, 2017 which was filed with the SEC on March 24, 2017 and the Company&#8217;s other public filings made with the SEC and available at www.sec.gov. If one or more of these risks or uncertainties materialize, or if any of the Company&#8217;s assumptions prove incorrect, the Company&#8217;s actual results may vary in material respects from those projected in these forward-looking statements. Any forward-looking statement made by the Company in this release speaks only as of the date on which the Company makes it. Factors or events that could cause the Company&#8217;s actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.</p>  <p align="justify"><strong>About Sportsman's Warehouse Holdings, Inc.</strong></p>  <p align="justify">Sportsman's Warehouse is a high-growth outdoor sporting goods retailer focused on meeting the everyday needs of the seasoned outdoor veteran, the first-time participant and every enthusiast in between. Our mission is to provide a one-stop shopping experience that equips our customers with the right quality, brand name hunting, shooting, fishing and camping gear to maximize their enjoyment of the outdoors.</p>  <p align="justify">For press releases and certain additional information about the Company, visit the Investor Relations section of the Company's website at www.sportsmanswarehouse.com.&#160;</p> <table style="border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; "><tr><td style="vertical-align: bottom ; "><strong>&#160;</strong></td><td colspan="3" style="vertical-align: bottom ; ">&#160;</td><td style="vertical-align: bottom ; ">&#160;</td><td colspan="2" style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td><td style="text-align: center ; 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